White Clarke Combines With IDS

Technology & Services

White Clarke, a portfolio company of FAPI, combination with IDS, a portfolio company of Thoma Bravo


Summary

White Clarke Group (“White Clarke” or the “Company”), a portfolio company of Five Arrows Principal Investments (“FAPI”), has agreed to combine with International Decision Systems, Inc. (“IDS”), a portfolio company of Thoma Bravo. FAPI will remain a shareholder in the combined company. The transaction is expected to close by end of Q2 2021, subject to various regulatory approvals and customary closing conditions. Terms of the transaction have not been disclosed.

Baird acted as a financial advisor to Five Arrows Principal Investments and White Clarke Group on this transaction.

About

Founded in 1992, White Clarke Group provides a range of full lifecycle loan origination and contract management software for the automotive, consumer and equipment finance sectors. As a global organization, the Company currently employs 600 finance and technology professionals across its offices in the United Kingdom, mainland Europe, North America and Asia Pacific. Its clients include 8 of the top 10 global automotive captives. White Clarke is headquartered in Milton Keynes, the United Kingdom.

FAPI is the European private equity arm of Rothschild & Co’s Merchant Banking business which has a series of funds dedicated to corporate private equity, credit, primary and secondary fund investing and co-investments. FAPI is focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology-enabled business services and healthcare.

IDS offers a suite of secured finance technologies to help banks, specialty finance firms and captive finance organizations drive operational efficiency and growth. Organizations of all sizes rely on IDS’ technologies and consultative services to optimize their asset finance, asset-based lending and factoring operations. IDS’ software solutions are built on IDScloud, a true software-as-a-service (SaaS) platform that offers best-in-class simplicity, scalability and affordability. IDS serves a global customer base from offices in the United States, the United Kingdom and Australia. IDS is headquartered in Minneapolis, Minnesota.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $76 billion in assets under management as of December 31, 2020, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Thoma Bravo has offices in San Francisco, California and Chicago, Illinois, with a planned expansion to Miami, Florida in the second half of 2021.
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Technology & Services

White Clarke, a portfolio company of FAPI, combination with IDS, a portfolio company of Thoma Bravo

Date
April 2021
Company
White Clarke Group
Transaction
M&A
Sectors
Technology & Services
Verticals
Application Software
Asset Tracking & Mobile Resource Management
Business Process Outsourcing
Facility, Industrial, Rental & Environmental ("FIRE") Services
Government & Defense
Human Capital Technology & Solutions
IT Services, Security & Networking
Internet & Communications
Knowledge Solutions
Marketing & Information Services
Technology
Media & Telecommunications
Target Location
Europe
Acquiror Location
North America

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